The majority of Americans who have maxed out their credit cards said they did it because of price increases from inflation, a recent survey from Debt.com said.
Yeah, this isn’t a new development. The vast majority of the country is awful with money. Hell, there is a reason there is the meme of the lottery winner being broke just a few years after winning big, and it isn’t because they paid off their debt, invested in reliable sources, and continued to live similarish to how they were before.
Bingo. It’s so bad that my company is giving budgeting classes since a lot can’t live on the absolutely great wages we’re paying (6 figures in a town with an avg $58K income). They can’t live on that because they blow their money on stupid shit.
Looking at the debt.com article they include past surveys. A similar question in 2018 has around 35% hitting a credit limit.
Yeah, this isn’t a new development. The vast majority of the country is awful with money. Hell, there is a reason there is the meme of the lottery winner being broke just a few years after winning big, and it isn’t because they paid off their debt, invested in reliable sources, and continued to live similarish to how they were before.
Bingo. It’s so bad that my company is giving budgeting classes since a lot can’t live on the absolutely great wages we’re paying (6 figures in a town with an avg $58K income). They can’t live on that because they blow their money on stupid shit.